VANCOUVER, Aug. 21 /CNW/ - CONSOLIDATED GOLD WIN VENTURES INC. (CGW TSX-V, Frankfurt OUH, Pinks CGWVF) has commenced the pre-drilling geological mapping of the South Dolly Varden gold/copper claims in Elko County, Nevada. This mapping is to facilitate a resolution of the zones of mineralization outlined by the surface geochem and rock samples and the 3000 foot delineated coincident Induced Polarization(IP) anomaly with what is intersected in the diamond drill core holes which are currently being permitted. The proposed drill sites that were located to test the IP anomaly were adjacent to various zones of mineralization including some of the high grade copper, zinc and silver zones which are being detailed by the geological mapping. Specifically the grab samples with 1145 ppm silver (33.57 ounces per tonne) and 347ppm silver (10.18 ounces per tonne), (2.67% copper; 20.6% lead; 1.49% zinc and 0.154 ppm gold and 9.34% copper; 1.95% lead; 2.21% zinc and 0.116 ppm gold, respectively) which are located on the northern end of the IP zone will be targeted. As well, where the IP zone comes to surface, towards the south end of the IP anomaly, several mineralized outcrops of copper rich mineralization have been found. Three grab samples (2.02 %, copper and 3.9 ppm silver; 0.81% copper 190 ppm Molybdenum and 16.7 ppm silver & 3.65% copper 190 ppm uranium and 1.1 ppm silver) were reported from that area. A further east drill site testing an area of reported alteration and copper mineralization (two grab samples reported 5.7 & 3.4 ppm silver; 1.32% & 0.535% copper; 129 and 690 ppm molybdenum and 0.193 ppm and 0.134 ppm gold, respectively) is located on a resistivity high area approximately 2000 feet east of the main IP zone. The geological mapping has identified a Quartz Feldspar Porphyry (QFP) intrusive associated with the chargeability anomaly and the rock geochemistry anomaly. QFP's are associated with the Skarn and porphyry copper deposits of the Nevada basin area. Permitting is progressing and drilling of the extensive zones of mineralization this fall is anticipated. The Dolly Varden area is recognized as a classic eastern Great Basin district with base and precious metals associated with upper Paleozoic sediments intruded by Cretaceous auriferous magmas, which is a similar geological setting to the Battle Mountain Fortitude skarn gold type of deposit in east central Nevada. Further information can be obtained from the company's web site www.v-cgw.com or by contacting Abby Farrage at (604) 671-4718. Laurence Stephenson, P. Eng., a Qualified Person under National Instrument 43-101, has approved the contents of this News Release. Listen to Laurence Stephenson, P.Eng discuss this and other CGW properties by following link below. http://www.stockhouse.ca/exec_casts/co_detail.asp?tickerSymbol(equal sign)V.CGW&edit ion(equal sign)Aug2004 The Canadian Venture Exchange has neither approved nor disapproved of the information contained herein. The statements that are not historical facts are forward-looking statements involving known and unknown risk factors and uncertainties which may cause actual results to vary considerably from these statements. The risks and uncertainties include those described in the company's quarterly filing with the SEC and other period filings.
